Crisil anticipates India's GDP growth to slow to 6.8% in 2024-25
According to the rating agency Crisil, the growth is weighed down by high interest rates and low fiscal impulse.
«Risks are tilted toward the downside given the lacklustre second quarter growth number,» said the Crisil report.
However, certain high-frequency indicators from October such as automobile sales and export growth are showing encouraging signs of a revival in the third quarter, indicating the slowdown in the second quarter could be transitory.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday. The quarterly growth was quite lower than RBI's forecast of 7 per cent.
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